• SAF capacity expansion: TruAlt Bioenergy is setting up a 10 crore liter per annum alcohol-to-jet SAF plant, with groundbreaking targeted for August and commercial revenues anticipated from FY29.
• SAF project capex: The facility is estimated to cost between ₹2,000 and ₹2,200 crore, partly supported by a ₹150 crore grant under the PM-JI-VAN scheme alongside potential state-level incentives.
• Overall capex plan: The company plans an aggregate capex of approximately ₹3,600 crore over the next two years, including ₹1,400 crore for 24 compressed biogas (CBG) plants under joint ventures with GAIL and Sumitomo.
• Funding structure: Capital will be funded via a 65:35 or 70:30 debt-to-equity mix, with the promoter group evaluating a direct equity infusion if they execute the SAF project solo instead of with a joint-venture partner.